27 Apr 2023, 09:00 AM

Rights Entitlements listing in April 2023

When a company launches a rights issue, eligible shareholders receive Rights Entitlements (RE) in their demat accounts. These REs are not rights shares by themselves and need to be used to apply for the rights shares. The REs will be in the form of temporary demat securities which will lapse if you do not use them to apply for the rights or sell them.

The following REs are listed in the month of April:

Company Rights Entitlement (RE) ISIN RE Listing date RE Last trading date Last date to apply for rights shares
Bright Solar Limited BRIGHT-RE INE684Z20010 April 03 April 06 April 10
AF Enterprises Limited AFEL-RE INE663P20015 April 05 April 13 April 20
SEPC Limited SEPC-RE INE964H20014 April 10 April 18 April 24
PNB Housing Finance Ltd PNB-RE INE572E20012 April 13 April 24 April 27
MKVentures Capital Ltd MKVEN-RE INE874A20010 April 17 April 20 April 25
Som Distilleries And Breweries Ltd SDBL-RE1 INE480C20020 April 26 May 08 May 11
GI Engineering Solutions Ltd GISO-RE INE065J20016 April 27 May 03 May 09

You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.